A UK carbon border adjustment mechanism: The construction industry and steel

This research demonstrates a tangible way for the UK’s main political parties to give a clear market signal to the private sector to invest in UK low-carbon industry.

The findings show how a UK carbon border adjustment mechanism could boost construction industry orders of UK-made steel by £500 million annually. This would help to level the playing field between lower carbon UK-made steel and high-carbon imports, and we would expect an industrial building developer like FTSE 100-listed Segro to shift £10m of its steel spend.